A $134 million insider trading case exposed, Jane Street embroiled in insider trading scandal.

According to unsealed court documents, Jane Street gained advance insider information about Terraform Labs via a private Telegram group called "Bryce's Secret." Before the UST crash, they aggressively sold $192 million and profited $134 million by shorting—directly causing $40 billion in Terra ecosystem market cap to evaporate and resulting in hundreds of thousands of retail investors losing their entire investment.【Market Impact】BTC is currently at $74,455, down 2.3% in 24h; ETH is $2,024, down 3.5%; SOL is $82.5, down 2.8%. In the past 24h, $1.46 billion in liquidations have occurred across the network, with 85% from long positions. In the short term, exposure of insider trading is expected to trigger tighter regulatory expectations, potentially benefiting compliance-themed tokens, but overall market sentiment remains weak and short-term volatility is bearish.【Recommendations to Follow】Operate in the BTC $74,000–$76,000 range; below $2,000 for ETH has strong support for light positions; watch for breakout opportunities in regulatory concept tokens like PROPER. Aggressive traders may consider light long positions near $74,000, stop loss at $73,500, position size 10%–15%, with 2x leverage.⚠️ Given current macro risks (US-Iran war + Fed hawkish stance) combined with industry scandals, it's advised to control position sizes and reduce or stop losses if $73,500 is breached.